Grundman cited in Defense News, “Defense Firms Seek to Engage Tech Hubs”

11 July 2015 • 0 Comments

“Steven Grundman, former Pentagon defense industrial policy chief and now the principal of Grundman Advisory, said the defense community should embrace a more collaborative approach to innovation ‘as opposed to just taking money and inventing things.’ In the commercial sector, innovation often comes in the form of a new business model, and how you create value by marrying it with developing technology, he said. Commercial companies looking to develop innovative technology also give themselves the freedom to fail, and to fail quickly, so that if an idea doesn’t work, it doesn’t end up costing millions of dollars. The defense community would do well to embrace failure in the same way, he said. ‘You don’t need to have a hearing every time something fails,’ he said.”


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